Recently the Mortgage Bankers Association floated a proposal for Ginnie Mae to create a new mortgage-backed security program that would boost liquidity for which the agency’s new HMBS 2.0 program could serve as a template.
Continue readingThe latest case number assignments for HECM loans was released. Here’s what October’s application data reveals…
Continue readingMortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingCorrina Carter, president and founder at CMS Mortgage, told Mortgage Professional America she expects reverse mortgage could become an increasingly viable option for many in 2025 and beyond.
Continue readingExpert advice about reverse mortgages in the media is often misleading and downright inaccurate. Here’s a recent example…
Continue readingDespite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue readingDespite having pension plans a majority of surveyed public employees are worried they won’t have enough money for retirement.
Continue readingAgainst a backdrop economic uncertainty home prices have been surprisingly resilient. That’s good news for older homeowners and bad news for would-be homebuyers.
Continue readingSince the Federal Reserve cut its benchmark interest rate on September 18th the 10-year Constant Maturity Treasury rate has climbed from 3.70% to 4.20%- a jump of 50 basis points…
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What’s a reverse mortgage vacation? If you’ve never heard of such a thing Harlan Accola explains…
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